Annual Contract Value Growth
Annual contract value (ACV) grew 14% in constant currency and 16% as reported year-over-year, driven by Pega Cloud's 26% growth.
Pega Cloud Performance
Pega Cloud represented the vast majority of net new ACV in the quarter and for the year, indicating strong adoption and performance.
Record Cash Flow
Generated $250 million in cash flow from operations and $246 million in free cash flow, both record amounts for the first 9 months of the year.
Innovation in AI Offerings
Pega GenAI Blueprint has fundamentally changed engagement with prospects and clients, enhancing client relationships and expanding market opportunities.
New Leadership for Cloud
Frank Guerrera was named Chief Cloud Officer, reflecting the company's commitment to Pega Cloud adoption.